Spectrum Brands Holdings, Inc. (NYSE:SPB) Given Consensus Rating of "Moderate Buy" by Brokerages

Spectrum Brands Holdings, Inc. (NYSE:SPB - Get Free Report) has been given a consensus rating of "Moderate Buy" by the seven brokerages that are presently covering the company, Marketbeat reports. Two investment analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $95.43.

Several equities research analysts have recently weighed in on the stock. UBS Group lowered their target price on shares of Spectrum Brands from $106.00 to $76.00 and set a "buy" rating for the company in a report on Thursday. Royal Bank of Canada decreased their price objective on shares of Spectrum Brands from $114.00 to $110.00 and set an "outperform" rating for the company in a research note on Friday, February 7th. Wells Fargo & Company dropped their target price on Spectrum Brands from $75.00 to $65.00 and set an "equal weight" rating for the company in a research report on Wednesday. Finally, Canaccord Genuity Group upgraded Spectrum Brands from a "hold" rating to a "buy" rating and boosted their price objective for the company from $94.00 to $102.00 in a report on Friday, February 7th.

Institutional Investors Weigh In On Spectrum Brands

A number of hedge funds have recently made changes to their positions in SPB. Pzena Investment Management LLC grew its holdings in Spectrum Brands by 1.7% in the fourth quarter. Pzena Investment Management LLC now owns 1,333,345 shares of the company's stock worth $112,654,000 after purchasing an additional 22,484 shares during the last quarter. State Street Corp raised its position in Spectrum Brands by 1.3% during the third quarter. State Street Corp now owns 590,222 shares of the company's stock valued at $56,154,000 after acquiring an additional 7,783 shares in the last quarter. Callodine Capital Management LP increased its holdings in shares of Spectrum Brands by 29.8% during the 4th quarter. Callodine Capital Management LP now owns 527,500 shares of the company's stock valued at $44,568,000 after purchasing an additional 121,000 shares in the last quarter. FIL Ltd raised its position in shares of Spectrum Brands by 8.7% in the fourth quarter. FIL Ltd now owns 461,568 shares of the company's stock worth $38,998,000 after acquiring an additional 36,798 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its position in Spectrum Brands by 1.6% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 450,807 shares of the company's stock worth $38,089,000 after purchasing an additional 7,198 shares in the last quarter.

Spectrum Brands Price Performance

NYSE SPB traded up $0.56 during trading on Thursday, hitting $59.71. 398,590 shares of the stock traded hands, compared to its average volume of 405,213. The company has a quick ratio of 1.53, a current ratio of 2.40 and a debt-to-equity ratio of 0.27. Spectrum Brands has a 12-month low of $57.93 and a 12-month high of $96.74. The firm has a 50-day simple moving average of $70.98 and a 200-day simple moving average of $82.40. The company has a market capitalization of $1.57 billion, a P/E ratio of 14.67, a price-to-earnings-growth ratio of 1.70 and a beta of 1.03.

Spectrum Brands (NYSE:SPB - Get Free Report) last issued its quarterly earnings data on Thursday, February 6th. The company reported $1.02 EPS for the quarter, topping analysts' consensus estimates of $0.91 by $0.11. Spectrum Brands had a net margin of 4.01% and a return on equity of 6.44%. During the same period in the previous year, the company posted $0.78 earnings per share. As a group, analysts predict that Spectrum Brands will post 5.06 EPS for the current year.

Spectrum Brands Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 11th. Stockholders of record on Tuesday, February 18th were paid a dividend of $0.47 per share. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $1.88 dividend on an annualized basis and a dividend yield of 3.15%. Spectrum Brands's dividend payout ratio is presently 46.19%.

About Spectrum Brands

Spectrum Brands Holdings, Inc operates as a branded consumer products and home essentials company in North America, Europe, the Middle East, Africa, and Asia-Pacific regions. It operates through three segments: Home and Personal Care; Global Pet Care; and Home and Garden. The Home and Personal Care segment provides home appliances under the Black & Decker, Russell Hobbs, George Foreman, PowerXL, Emeril Legasse, Copper Chef, Toastmaster, Juiceman, Farberware, and Breadman brands; and personal care products under the Remington brand.